Automotive Sensors Market -

The US and European automotive sensor industry is in a highly optimistic state. As the vehicle production continues to grow, market volumes are set to continue to expand in all the aspects. Vehicles are becoming more sophisticated and are required to comply with ever more tough environmental and safety regulations. Sensors manufacturers are also impacted by competitions on prices.

Sensors are vital to the electronic systems of light passenger vehicles and the market for automotive sensors is forecast to grow rapidly during the next four years. The volume will expand from 1.13 billion units in 2005 to 1.49 billion units in 2008 with an AAGR of 10.02 percent. In European and US regions the automotive sensor market (value in USD) will grow at an annual average growth rate of 9.95 percent from $5.66 billion in 2005 to $7.53 billion in 2008.

The principle drivers in increasing the demand for automotive sensors currently are stringent environmental & safety legislation, cost savings, customer demand, developments in new vehicle technology such as Hybrid vehicles and of course growing passenger vehicle production.

The automotive sensor demand will spread across a wide range of applications. While some types of sensors are likely to remain unchanged, technological innovations is prevalent and micro-engineered silicon products such as MEMS (Micro Electro-Mechanical Systems) and other solid-state technologies will grow rapidly, yielding low cost, high performance sensors for growing range of physical and chemical variables.

Fastest growing automotive sensor segment is Crash Avoidance, Safety and Security systems. The other important segments discussed in this report are Drivetrain System, Vehicle Control & Safety, Passenger Comfort & Convenience, Emission Control and sensors for future vehicles such as Hybrid & Hydrogen Fuel Cell Vehicles.

A complete assessment of the European and US automotive market is provided in this report. The report provides market forecasts and analysis of the market for European and US regions by sensor application. Market revenues, market share, Research & Developmental activity in leading universities and multi-national companies, trends in units, average sensor price are also provided for each sensor application in each region from 2005 to 2008.

Emerging sensor applications such as Occupancy Weight Classification, Pedestrian protection, Remote Keyless Entry, Collision and Lane Departure Warning, Hydrogen Sensors and Adaptive Cruise Control are explored. R&D activity and summary profile information is presented for 50 sensor types (categorized by application), 30 leading sensor developers and 10 research institutes.

Figure: U.S. E.U. Automotive Sensors Market 2005
U.S. Automotive Sensors Market, Current Sensors - A, B, C, D and Emerging Sensor - E, F, G, H